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Extended Sets Dec. 31 Deadline for 300 Million XTEN Allocation

Extended set a Dec. 31 deadline for eligible Xpoints holders to accept distribution terms and view allocations from a 300 million XTEN pool; unaccepted allocations move to the Ecosystem Fund.

Extended Opens XTEN Checker With Dec. 31 Acceptance Deadline
WitnessExtended Opens XTEN Checker With Dec. 31 Acceptance DeadlinePexels / pixabay

Outputs

  1. Eligible Xpoints holders must accept the Community Distribution Terms in the Extended app by Dec. 31.

  2. The community distribution covers 300 million XTEN, or 30% of the 1 billion XTEN genesis supply.

  3. Starknet accounts must nominate a self-custodial EVM wallet.

  4. Unaccepted allocations will move to the Ecosystem Fund after the Dec. 31 cutoff.

  5. Extended has not announced the XTEN TGE date and plans to provide it separately.

Extended will move unaccepted allocations from a 300 million XTEN community distribution to its Ecosystem Fund if eligible Xpoints holders do not accept the Community Distribution Terms by Dec. 31, according to the project’s XTEN token plan.

The 300 million XTEN equals 30% of the token’s 1 billion XTEN genesis supply and covers eligible Extended Points participants. Extended has opened its XTEN allocation checker so those participants can view their allocations after accepting the terms in the Extended app. The project has not announced the TGE date.

What must holders do before the deadline?

Eligible holders must accept the Community Distribution Terms inside the Extended app before they can see their allocation. Starknet account holders must also nominate a self-custodial EVM, or Ethereum Virtual Machine, wallet.

Extended identifies Dec. 31 as the deadline for accepting the distribution terms. The notice does not state a calendar year for the cutoff. The date applies to that acceptance step, not token creation, and Extended says it will announce the TGE date separately.

The arrangement puts two operational conditions in front of participants: acceptance in the app and, for Starknet accounts, selection of a self-custodial EVM wallet. Eligible status alone does not let a participant view the allocation through the checker before accepting the terms.

Extended describes the checker as an allocation-viewing tool; the notice does not say that opening it transfers tokens. Users still have to complete the acceptance process to unlock their stated allocation.

That distinction makes the app the control point for a defined portion of XTEN’s genesis supply. Participants who miss the required step by the cutoff cannot use the checker to access the allocation afterward, because the allocation will have moved to the Ecosystem Fund.

How large is the community distribution?

The disclosed 300 million XTEN represents 30% of the 1 billion XTEN genesis supply. The remaining 70% falls outside the scope of this community-distribution announcement, which covers eligible Extended Points participants.

Extended does not provide a participant count, minimum allocation or distribution schedule for the 300 million XTEN pool. The disclosed figures define the size of the eligible allocation and the share of genesis supply at issue, rather than the amount any one participant receives.

The number still matters operationally. It ties a supply-level distribution to a simple acceptance test: Extended Points eligibility establishes who can receive an allocation, while acceptance by Dec. 31 determines whether that allocation stays with the participant or moves to the Ecosystem Fund.

What happens if holders miss the deadline?

Any allocation not accepted by the cutoff moves to the Ecosystem Fund. Extended’s notice does not set out a deployment timetable, eligibility rule or governance process for that fund, so it leaves the ultimate use of the unaccepted tokens unspecified.

This makes the deadline operative rather than administrative. An eligible holder who does not complete the app acceptance process by Dec. 31 loses access to the stated allocation through the checker, and the tokens pass to the fund named in the token plan.

The shift changes control at the cutoff. Before it, Extended’s disclosure makes the allocation contingent on the holder’s acceptance. After it, Extended identifies the Ecosystem Fund as the recipient for every allocation that has not been accepted.

Has Extended set a token launch date?

Extended has not announced the TGE date and plans to provide it separately. Dec. 31 is therefore not a token launch date in the disclosure. It is the acceptance deadline, while the TGE remains unscheduled.

The two dates serve different functions. The cutoff governs access to the 300 million XTEN community allocation; the TGE would mark token generation under Extended’s plan. Extended has not linked those events with a stated calendar date or a timetable for distributions after acceptance.

That leaves one immediate deadline and one missing milestone. Participants have until the cutoff to accept the terms, while Starknet users also face a wallet-nomination step. The TGE has no announced date against which market participants can plan trading or custody.

The next concrete checkpoint is Dec. 31, after which Extended will move all unaccepted allocations to the Ecosystem Fund; a separate TGE announcement remains pending.

via tokenpost.com (Source)

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Daniel Okafor

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Correspondent covering people, launches and day-to-day practice in crypto and web3 industry at Mempool Brief.

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